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Global Payments Announces Agreement for 'Pay in Your Currency' Service for HSBC Merchants in China


HONG KONG, March 26 /Xinhua-PRNewswire/ -- Global Payments (NYSE: GPN), a leading provider of electronic transaction processing services, has entered into an agreement with Planet Payment (LSE AIM: PPTR and PPT), a leading international, multi-currency payment and data processor, to offer Pay in Your Currency(TM) dynamic currency service to HongKong & Shanghai Banking Corporation’s ("HSBC") merchants in the People’s Republic of China, subject to regulatory clearance in China.

(Logo: http://www.prnasia.com/sa/200803261513.jpg )

The service gives the consumer the opportunity to have the payment transaction converted to their selected currency, providing the benefit of immediately knowing the payment amount. Global Payments anticipates launching the service in China prior to the 2008 Beijing Olympics.

Through its joint venture with HSBC, Global Payments has established a leading position in the Asia-Pacific region, where it now operates in ten countries and territories. Global Payments, through its local affiliate, will provide consulting and technical services to HSBC as necessary to support the service in China. This agreement expands upon the existing relationship between Global Payments and Planet Payment for Global Payments’ merchants in Malaysia and Taiwan.

Managing Director of Global Payments Asia-Pacific Limited, Ian Courtnage, said, "Global Payments is pleased to provide this multi-currency solution to HSBC merchants in the People’s Republic of China. Global Payments is focused on providing cutting-edge processing solutions to our merchants to benefit their customer’s payment experience. We view the addition of the "Pay in Your Currency" solution to our product set as another example of our commitment to product excellence. Our decision to utilize Planet Payment’s service is based on the quality and depth of their product offering, and we look forward to working with their team in the Asia-Pacific region."

Commenting on the relationship with Global Payments, Chairman and Chief Executive of Planet Payment, Philip Beck, said, "We are pleased to be working with Global Payments to introduce our Pay in Your Currency service to Global Payments’ merchants in China. The service allows merchants to market and sell more effectively, while providing their customers with the information to make better and more informed buying decisions. This agreement is another example of the growing market adoption for this service, as both merchants and cardholders alike gain awareness of its benefits."

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, gaming establishments, and multi-national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com .

About Planet Payment

Planet Payment’s Common shares trade on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares. Planet Payment enables processors, acquiring banks and their merchants to accept process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The "Pay in Your Currency" service is a component of Planet Payment’s suite of multi-currency processing solutions, which include a multi-currency pricing

e-commerce service and a Dynamic Currency Conversion service. Further information on Planet Payment(R) can be found at: http://www.planetpayment.com . Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, London, Hong Kong, Shanghai, and Singapore.

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company’s SEC filings, including the most recently filed Form 10-Q or Form 10K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Contact:

Christine Li

Marketing Director

Global Payments Asia-Pacific Limited

Tel: +852-3529-5853

Email: christine.li@globalpay.com

Source: Global Payments Asia-Pacific Limited
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